06047oam 22013694 450 991078833310332120230721045714.01-4623-0734-51-4527-6520-01-282-84343-597866128434331-4518-7276-3(CKB)3170000000055284(EBL)1608332(SSID)ssj0001487552(PQKBManifestationID)11850617(PQKBTitleCode)TC0001487552(PQKBWorkID)11481949(PQKB)10525145(OCoLC)451207112(MiAaPQ)EBC1608332(IMF)WPIEE2009129(EXLCZ)99317000000005528420020129d2009 uf 0engurcn|||||||||txtccrThe Systemic Regulation of Credit Rating Agencies and Rated Markets /Amadou SyWashington, D.C. :International Monetary Fund,2009.1 online resource (38 p.)IMF Working PapersDescription based upon print version of record.1-4519-1705-8 Includes bibliographical references.Contents; I. Introduction; II. Lessons from Previous Rating Crises; III. Credit Ratings in Capital Markets; A. The Demand and Supply for Credit Ratings; B. Use of Credit Ratings in Legislation, Regulations and Supervisory Policies (LRSP's); C. Costs and Benefits of Ratings; IV. The Systemic Risk of Ratings; V. Role of CRA's in Structured Products Markets; A. The Rapid Growth of Structured Products; B. AAA as the Gold Standard; VI. Model Risk in the Rating of Structured Credit Products; VII. Governance Issues in the Rating of Structured Credit Products; VIII. Policy RecommendationsA. Regulating CRAsB. Regulating Rated Securities Markets; C. Ensuring Systemic Stability; IX. Conclusions; X. ReferenceCredit ratings have contributed to the current financial crisis. Proposals to regulate credit rating agencies focus on micro-prudential issues and aim at reducing conflicts of interest and increasing transparency and competition. In contrast, this paper argues that macro-prudential regulation is necessary to address the systemic risk inherent to ratings. The paper illustrates how financial markets have increasingly relied on ratings. It shows how downgrades have led to systemic market losses and increased illiquidity. The paper suggests the use of "ratings maps" and stress-tests to assess the systemic risk of ratings, and increased capital or liquidity buffers to manage such risk.IMF Working Papers; Working Paper ;No. 2009/129Rating agencies (Finance)Financial crisesBanks and BankingimfFinance: GeneralimfInvestments: GeneralimfMoney and Monetary PolicyimfFinancial CrisesimfGeneral Financial Markets: Government Policy and RegulationimfInvestment BankingimfVenture CapitalimfBrokerageimfRatings and Ratings AgenciesimfFinancial Institutions and Services: Government Policy and RegulationimfMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralimfFinancing PolicyimfFinancial Risk and Risk ManagementimfCapital and Ownership StructureimfValue of FirmsimfGoodwillimfGeneral Financial Markets: General (includes Measurement and Data)imfMonetary economicsimfFinancial services law & regulationimfFinanceimfInvestment & securitiesimfCredit ratingsimfCredit riskimfSystemic riskimfSecuritiesimfCreditimfMoneyimfFinancial regulation and supervisionimfFinancial sector policy and analysisimfFinancial institutionsimfFinancial risk managementimfFinancial instrumentsimfUnited StatesimfRating agencies (Finance)Financial crises.Banks and BankingFinance: GeneralInvestments: GeneralMoney and Monetary PolicyFinancial CrisesGeneral Financial Markets: Government Policy and RegulationInvestment BankingVenture CapitalBrokerageRatings and Ratings AgenciesFinancial Institutions and Services: Government Policy and RegulationMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralFinancing PolicyFinancial Risk and Risk ManagementCapital and Ownership StructureValue of FirmsGoodwillGeneral Financial Markets: General (includes Measurement and Data)Monetary economicsFinancial services law & regulationFinanceInvestment & securitiesCredit ratingsCredit riskSystemic riskSecuritiesCreditMoneyFinancial regulation and supervisionFinancial sector policy and analysisFinancial institutionsFinancial risk managementFinancial instrumentsSy Amadou1462056DcWaIMFBOOK9910788333103321The Systemic Regulation of Credit Rating Agencies and Rated Markets3685536UNINA01947nam0 22004091i 450 UON0002253220231205102025.20920020107g19551958 |0itac50 bafreFR|||| 1||||ˆLe ‰livre de scienceAvicennetraduit par Mohammad Achena et Henri Masse'Paris : Les Belles Lettres1955-19582 v.20 cmCont.: v. 1.: Logique, métaphysique. v. 2.: Physique, mathématiquesIRA I 14 (1 )IT-UONSI IRAI/014IRA I 14 (2)IT-UONSI IRAI/014001UON000226652001 Collection UNESCO d'oeuvres représentatives. Série persane300 Luogo ed editore cambiano.001UON001212132001 Traductions de Textes persansSCIENZE ISLAMICHEUONC004684FIFILOSOFIA ISLAMICAIBN SINAUONC004685FIFRParisUONL002984IRA IIRAN - OPERE INTERDISCIPLINARI, GUIDE, ECC.AAvicennaUONV015282189788ACHENAMohammadUONV015284MASSE'HenriUONV008762Les Belles LettresUONV245913650Ibn Sīnā, Abū ʻAlī al-Ḥusain ibn ʻAbdallāhAvicennaUONV015283Ibn SīnāAvicennaUONV139865ITSOL20240220RICAUON00022532SIBA - SISTEMA BIBLIOTECARIO DI ATENEOSI IRA I 014 SI MR 45028 5 014 IRA I 14 (1 )SIBA - SISTEMA BIBLIOTECARIO DI ATENEOSI IRA I 014 SI AR 918 5 014 IRA I 14 (2)ISLAM - SCIENZESCIENZE ISLAMICHEUONC008588AVICENNAFILOSOFIA ISLAMICA - IBN SINAUONC023779Livre de science357902UNIOR